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Web Desk
May 22, 2024

Stock market opens with hopes of continued recovery

It’s noteworthy that during the fiscal year, the KSE-100 index has witnessed a remarkable gain of 33,754 points. Additionally, the ongoing calendar year has seen a cumulative increase of 12,756 points.

Business

Web Desk
May 22, 2024

PM holds first session of Economic Advisory Council

During the inaugural session of the advisory council, it was agreed to prioritise consultations with economists and the private sector in the formulation of economic policies and reforms.

Business

Web Desk
May 21, 2024

Pakistan earns $430.74 million from meat exports

The country’s meat and meat preparations exports saw a significant increase of 24.37 per cent during the first 10 months of the current financial year, as compared to the same period last year.

Business

Web Desk
May 21, 2024

Pakistan’s GDP up 2.09 per cent, driven by agriculture sector

Pakistan’s Gross Domestic Product (GDP) grew by 2.09 per cent in the third quarter of fiscal year 2024 (Q3 FY24), up from a revised growth rate of 1.79 per cent in the previous quarter, according to estimates released by the Pakistan Bureau of Statistics (PBS).

Business

Web Desk
May 21, 2024

Pakistan presents Rs12 trillion tax collection plan to IMF amid ongoing talks

Pakistan’s economic team has reportedly presented an extensive macroeconomic framework to the International Monetary Fund (IMF), aiming for a tax collection target exceeding Rs12 trillion for the fiscal year 2024-2025.

Business

Web Desk
May 21, 2024

PSX rebounds, closes in green with 122-point gain

The Pakistan Stock Exchange (PSX) observed a positive trend as its benchmark KSE-100 index concluded Tuesday’s trading session at 75,206.77, marking an uptick of 122.77 points or 0.16 per cent.

Business

Web Desk
May 21, 2024

Interbank closing: PKR loses 9.52 paisa against USD

In Tuesday’s interbank session, the Pakistani rupee (PKR) experienced a depreciation of 9.52 paisa against the US dollar (USD).

Business

Web Desk
May 21, 2024

Pakistan’s move to sell national airline a test case for privatising SOEs

Pakistan faces significant challenges, including a weak economy and political instability, which may deter potential investors, despite the SIFC’s efforts to streamline investment processes.

Business

Web Desk
May 21, 2024

Gold prices decline by Rs 1900 per tola in Pakistan

The 10-gram gold was sold at Rs213,048 after it shed Rs1,630, according to rates shared by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Business

Reuters
May 21, 2024

UAE, US to see more AI partnerships, UAE minister says

That partnership comes amid Washington’s efforts to hobble Beijing’s technological advances, with the United States adding four Chinese companies to an exports blacklist for seeking to acquire AI chips for China’s military.